Franchising and Privatization
Author: Antony W. Dnes Date: 3/1/1995 (PDF, 200KB)
Franchise bidding schemes are attracting new interest as a solution to the natural monopoly problem, a solution that avoids some of the pitfalls of traditional regulation or nationalization. But if a franchise system is to be successful, a great deal rides on contract design, procurement, and monitoring. Antony Dnes looks at some of the problems.